Quote:
Originally Posted by retiredguy123
Question: Does a timeshare owner have any control over the increase in the maintenance fees, or is the sky the limit?
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Depends.
Some have annual inflation limits.
Most, once sold out, are run/controlled by an owner committee.
Maint Fees go right back into the property..............there is no profit component.
Since units are sold "by the week".......it's easy for the site can have 5,000, 6,000, 8,000 owners..............so the committee could have a ton of whiners and headaches.
They operate like mini CDD's.